Friends of the Library of Portola Valley Inc

Analysis

Friends of the Library of Portola Valley Inc is a registered charity in United States, based in Portola Vally, CA. It received its IRS tax-exemption ruling in February 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of the Library of Portola Valley Inc reported income of $57k and spending of $17k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $41k to $57k (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Library of Portola Valley Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Zen Training Center Inc ($57k), Associates of Lubbock Christian University ($57k) and Arkansas State Council Knights Ofcolumbus-Charities Inc ($57k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 4.7% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.